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20121031
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Search Results 0 to 49 of about 124 (some duplicates have been removed)
PBS
Oct 15, 2012 7:00pm EDT
sprint, buying majority control of the u.s. cell company. and with nearly one-in-three americans working contract or part-time jobs. we kick off a week-long look at how a nation of freelancers is changing our labor force. that and more tonight on "n.b.r."! a u-turn on wall street today. stocks rose, rebounding from sell-offs last week. good news about the american consumer put investors in a buying mood. the dow jumped 95 points, the nasdaq rose 20 and the s&p 500 up 11. retail sales rose more than 1% in september, which was better than expected. it follows an even bigger gain in august and its the best back- to-back showing since 2010. erika miller has a closer look at the data and what consumers were loading up on last month. >> reporter: it seems pretty unbelievable. but a single electronic devices appears to have powered the gain in u.s. retail sales last month. if you haven't guessed it, we're talking about the iphone 5. a remarkable five million of them were sold in their first weekend alone. and that appears to have boosted electronics sales by 4.5% in september. that was the bigg
WETA
Oct 26, 2012 6:30pm EDT
. the u.s. economy picks up steam thanks to spending by consumers and the government. >> susie: i'm susie gharib. we take you to a wells fargo event in chicago, where housing grants could turn renters into buyers. >> tom: then, from tax hikes to corporate earnings worries, tonight's "market monitor" guest says investors are facing a cliff of concern. robert stovall of wood asset management joins us. >> susie: that and more tonight on "n.b.r."! >> tom: the u.s. economy actually sped up in the third quarter, surprising economists and maybe you too. thanks to a pick-up in spending by consumers, the federal government and the housing sector, the gross domestic product grew at a 2% annual rate in july through september. that 2% pace was stronger than expected and much better than what the economy experienced in the second quarter. suzanne pratt takes a closer look at the data and what it suggests about the economy in the final months of this year. >> reporter: an economy growing at a 2% annual rate is hardly anything to celebrate. sure it could've been worse. but, clearly at three-years
WETA
Oct 18, 2012 6:30pm EDT
to start moving in the right direction. >> and you were telling me that as far as u.s. investors are concerned, that there has been a decoupling of what is going on between the u.s. and europe. especially as we see that spain is probably going to get money it needs and its ratings are stabilized by moodies recently it so tell us eye little bit more that there is decoupling going on. >> sure. and i think from the market's perspective we are starting to see a decoupling. the basic they are lee is there were two big issues in europe. there was a fiscal crisis and a european banking crisis. i think the market is starting to realize that the fiscal cries his take a long time to get resolved. yet the banking crisis to a certain extent has been contained by the ecb stepping in to become the lender of last resort. so for that reason, we are looking at the markets here in the u.s. starting to focus more on fundamentals here in the united states, so much in every headline coming out of europe. >> should we be more concerned about what is going on in china, especially with the news that came ou
PBS
Oct 8, 2012 7:00pm EDT
threat to u.s. national security. that's the conclusion of the u.s. house intelligence committee after a year-long investigation into emerging technology giants z.t.e. and huawei. huawei says the report relies on rumors and speculation, and the company warns a trade battle could cost the jobs of thousands of workers in the united states. but, as darren gersh reports, there is growing bipartisan agreement that this is the right time to get tough on chinese cyber-theft. >> reporter: in unusually blunt language the bipartisan leadership of the house committee warned u.s. companies not to buy their broadband networking equipment from z.t.e. and huawei. >> our advice to the private sector is this: your obligation is to consider larger data protection and national security implications of your business decisions and we would not advise doing business with these two companies. >> reporter: washington has become increasingly alarmed by cyber-security threats believed to have been launched from china. cyber theft of american trade secrets is estimated to cost hundreds of billions of dollars a y
PBS
Oct 9, 2012 7:00pm EDT
in the u.s. and we've seen that in the aerospace industry, very, very nice. we're seeing it in the u.s. automotive segment, very nice, and then there are on the other side -- i mean, coming down. we've seen the heavy truck segment coming down substantially, pretty much in the u.s., and building and constructions on the commercial building and construction side, there's still very little signs of life there. >> susie: you know wha, are your calculus telling you? we hear how businesses are weighed down by uncertainty. are they puting in more orders with you, or less? >> well, it's slowing down a little bit on some segments and other segments are strong. i believe if you look at it on a regional basis. the euro sown, as we've seen yesterday from projections. it's obviously in a difficult spot and continues to slow down. i just spent a week in china two weeks ago and had a lot of meetings with customers and as well as high government officials, and i could see that they're putting in a similar program which is strongly targeted on the infrastructure side. so i'm confident that we will
PBS
Oct 27, 2012 1:00am PDT
wood asset management joins us. >> susie: that and more tonight on "n.b.r."! >> tom: the u.s. economy actually sped up in the third quarter, surprising economists and maybe you too. thanks to a pick-up in spending by consumers, the federal government and the housing sector, the gross domestic product grew at a 2% annual rate in july through september. that 2% pace was stronger than expected and much better than what the economy experienced in the second quarter. suzanne pratt takes a closer look at the data and what it suggests about the economy in the final months of this year. >> reporter: an economy growing at a 2% annual rate is hardly anything to celebrate. sure it could've been worse. but, clearly at three-years post great recession, it should be a lot better. experts call it a side-ways economy, one that is unable to create enough jobs to bring down the nation's stubborn unemployment rate. but, people on the streets of new york have different takes on what a 2% economy means to them: >> it means first of all that anyone trying to look for employment is going have a tough time b
WETA
Oct 31, 2012 6:30pm EDT
gharib. u.s. stocks are trading again, after hurricane sandy forces an historic two-day shutdown. >> tom: wall street gets back to business, as damage and recovery estimates start to climb, plus, what it takes to restore power to millions in the northeast. >> susie: and with stocks open for trading, no surprise, home depot was the dow's standout. >> tom: lots ahead, that and more tonight on "n.b.r."! >> susie: an historic day on here on wall street, after the storm of the century knocked down the financial district. us stock markets resumed operations today after two days in the dark, stocks were little changed: both the dow and the nasdaq fell 10 points, but the s&p 500 gained a fraction. trading here at the new york stock exchange opened without a hitch. the new york stock exchange opened right on time. and as new york's mayor bloomberg rang the opening bell this morning, traders were happy to be back to work. it looked like a normal day, with the buzz of activity, traders milling about. it was anything but normal no one knows that better than larry leibowitz, the head of the n
WETA
Oct 24, 2012 6:30pm EDT
women in hard hats have been among the hardest hit workers since the great recession. the u.s. economy may be recovering, but there has not been much of a gain in construction employment. >> construction employment has been very spotty. we've seen a couple of months and then it flattens out or even drops back down. >> reporter: in the past two years, the construction industry has added 36,000 jobs. that's a fraction of the 3.9 million positions that have been created in the private sector overall. but there has been one bright spot across the nation: apartment construction. the reason has as much to do with lifestyle preference, as economics. >> there does seem to be a shift in preferences among young, potential homebuyers to live closer to the city or in the first ring of suburbs. many of them are looking to stay in apartments living rather than having a home further out where they need a car to get any where. they would have more of a mortgage they would be tied into. >> reporter: on the flip side, public spending on construction has fallen sharply. it's down 3.5% from a yea
PBS
Oct 15, 2012 4:30pm PDT
pretty unbelievable. but a single electronic devices appears to have powered the gain in u.s. retail sales last month. if you haven't guessed it, we're talking about the iphone 5. a remarkable five million of them were sold in their first weekend alone. and that appears to have boosted electronics sales by 4.5% in september. that was the biggest increase since the iphone 4s came out in october of last year. but the gain in retail sales wasn't only because of iphone. >> if you do take iphone, we still would have had a fairly decent 0.7% gain in overall retail sales spending activity. that's a very significant pop. we haven't seen that kind of growth over the past six months or so. >> reporter: and sales did rise in every retail category except department stores. consumers may be feeling better about spending. thanks to higher stock prices and stabilizing home values. >> we've seen a nice improvement in the economy over the past three months and also seen a solid rebound in wage growth and that's given consumers more confidence and more discretionary spending power. >> reporter: but un
PBS
Oct 17, 2012 7:00pm PDT
expected increase in u.s. supplies. gasoline prices fell and now average $3.75 a gallon. prices at the pump were a hot topic in the presidential debate last night. we talk now about the outlook for energy with gareth lewis- davies commodities strategist at b.n.p. paribas. so you heard it last night, the candidates went toe to toe in the debate. governor romney accusing the president that for a doubling of gasoline prices over the last four years president obama defending himself saying it wasn't his fought that there was a recession and a recovery. so who was right here? >> well, really oil prices as a global phenomenon is dependent on what's happening with the world as a whole. so there's a limit to what one country, one government can do in terms of oil prices. what we've seen in the united states is oil production in the u.s. is increasing. but due to other factors around the world and the middle east we're still having higher prices and that's impacting the price of crude. at the moment price of gasoline is below the psychologically important $4 a gallon at the pump in the u.s.
PBS
Oct 23, 2012 6:30pm PDT
on nb for the send time in three sessions, u.s. stocks suffered a sharp sell-off. prices fell as weak finance l results from corporate americal fed fear about the global economy. at the closing bell, the dow shed 243 points, the nasdaq lost 26.5, the s&p dropped almost 21 points, sending markets to levels not seen since early september. the heavy selling came after everal household names reported weak quarterly financial reports and lowered their expectations for the rest of the year. 3-m, dupont, and xerox wereev among those releasing disappointing results. erika miller reports worries about revenues have cast a shadow over the profit picture.h >> reporter: yes, it's earnings season. but earnings are not the most important indicator this quarter. it's revenues-- how much money a company makes before expenses. >> profits can go down, profits can go up. sales, you want to see nice steady growth. and when you are seeing big drops in revenues and revenue misses, that's definitely a red flag. >> reporter: in the latest quarter, a slew of big name firms have reported higher earnings but lo
PBS
Oct 11, 2012 1:00am PDT
u.s. economy released today by the federal reserve. the so-called "beige book" compiles data from 12 fed districts, and it shows residential real estate improved in "all" districts in september. anecdotes from business contacts and economists noted existing home sales strengthened, while prices rose or stayed stable.or suzanne pratt takes a closer look at whether the broader economy is also showing signs of strength. >> reporter: here's a shocker: the u.s. economy is growing, but only at modest pace. that's what anecdotes, not hard numbers, from the fed's regional banks suggest about the business climate. 10 of the 12 fed districts reported economic activity in september expanded modestly since the last snapshot. only new york and kansas city saw a leveling off or slowing of growth. residential real estate was the one major sweet spot, showing widespread improvement. >> we've seen a pickup in house prices, we've seen a pickup in construction activity, a little bit better demand for loans. so, it generally corroborates what we've been seeing in the economic reports on the housing mark
PBS
Oct 19, 2012 7:00pm EDT
importantly, real estate prices are rising and homes are most people's biggest asset. only about half of u.s. households even own stocks. but what about anxiety about the presidential election and fiscal cliff? >> i think consumers really will not take notice of the political risk and political events until we are in some real critical break down stages. >> reporter: so, many consumers are feeling good heading into the holidays, even if the mood in corporate america is souring. erika miller, "n.b.r.," new york. >> tom: still ahead, the crash gold joined the sell-off today, following stocks lower, as concerns about earnings and europe, raised new questions about demand. gold fell over $20 to $17.24 an ounce, hitting a six-week low. meanwhile, european leaders wrapped up their latest summit today, the fourth this year with progress on establishing a single banking supervisor for the euro-zone. its a move that would allow the e.u.'s rescue fund to start recapitalizing ailing banks. >> susie: from wall street to >> susie: from wall street to washington: a stern warning. top banking c.e.o.'s tell
PBS
Oct 1, 2012 4:30pm PDT
all out in september, a hopeful sign that the u.s. economy may be picking up. >> tom: i'm tom hudson. ben bernanke defends his strategy at the federal reserve to do more to help the economy. >> susie: and how technology is making it possible for doctors to go paperless. >> tom: that and more tonight on "n.b.r."! >> susie: the first day of the new quarter, kicks off with a blue chip rally. investors were encouraged by a report showing that american factories were busy in september. a popular index of national factory activity rose to 51.5 last month, from 49.6 in august. it was the fastest pace of production since may. but that upbeat news was overshadowed by comments from federal reserve chief ben bernanke, saying the economy is not growing fast enough to bring down the unemployment rate. we'll have more on that in a moment. those two events led to volatile trading here on wall street. the dow rose about 78 points, but was up as much as 155 points earlier. the nasdaq drifted in and out of positive and negative territory, finally losing more than 2.5 points, and the s&p rose almost fo
PBS
Oct 12, 2012 7:00pm EDT
thanksgiving. that is right before we go into the fiscal cliff debate in the u.s. so the fed will be very concerned about that. and they are going to put out a very tough stress test on the banks. we'll see what happens but i think we'll probably-- could be yet again a little bit disappointed from what we hope for in terms of dividends and share repurchase out of the big banks. >> we have to leave it there. any disclosures on the stocks that you talked about? >> no, thanks. >> have a great weekend, fred canon of kbw. >> i'm diane eastabrook in chicago. still ahead, is the housing market ready to rally? i'll tell you what one expert thinks. >> susie: american consumers are feeling pretty good about the economy. the university of michigan's latest reading on consumer sentiment hit a five-year high. that comes as the treasury reports the u.s. budget deficit topped $1 trillion in fiscal 2012. that's our fourth-largest budget deficit since world war two. that held wall street's gains in check: the dow rose 2.5 points, the nasdaq fell five. the s&p down four. for the week, the major averages we
PBS
Oct 2, 2012 7:00pm PDT
helpful for the markets. here in the u.s., the dow lost almost 33, the nasdaq gained 6.5, and not much change for the s&p; it's up about a point. >> reporter: i'm darren gersh. still ahead, both mitt romney and barack obama want to put more americans back to work. but is job training the right answer? we'll take a look. >> tom: six months before the credit crunch hit full force, j.p. morgan bought failing investment bank bear stearns. that was in 2007. now, j.p. morgan faces a lawsuit, claiming it inherited massive fraud on the part of the company it purchased. the civil lawsuit alleges systemic fraud with the packaging and sale of mortgage- backed securities by bear stearns before it was taken over by j.p. morgan. the bank says it intends to fight the case. eric schneiderman is the attorney general of new york. >> eric, you represent the people of new york state. what did your citizens lose in the deals thaw are accused of being fraudulent? >> new yorkers, like people all over the united states bought shares in mortgage backed securities, pension funds invested in them. people bought
WETA
Oct 30, 2012 6:30pm EDT
another weather system, bringing wind, rain, and snow to parts of the mid-atlantic and northeastern u.s. she has cut a path of destruction, flooding, and massive power outages as the death toll from the storm stands at 17 across seven states. even as sandy makes her way to canada, the destruction is devastating. high winds pushed the atlantic ocean up and over seawalls, flooding entire neighborhoods. the wind and water teamed up to cut power to millions of people along the eastern seaboard. the storm surge even continued today as sandy tracked through western pennsylvania and new york state. the storm has affected an estimated one out of every five americans, bringing some business to a standstill over flooding, closed airports, and no public transportation. while rescue efforts continue tonight, early damage estimates are still rough, running between $10 billion and $20 billion, according to eqecat. hurricane irene did $10 billion damage 14 months ago. >> susie: wall street was closed again today for the second straight day because of hurricane sandy. this is the first two-day weather-
PBS
Oct 30, 2012 1:00am PDT
"n.b.r."! as we go on the air tonight, hurricane sandy is ready to make landfall in the u.s., already it's an historic storm, with historic preparations. stock markets closed. and coast lines evacuated with tens of millions of people sitting in the forecast path of the massive storm. sandy is a huge storm expected to come ashore in southern new jersey. but the hurricane force winds have been battering the eastern seaboard for hours. those winds extend out 175 miles from the center of the storm. those winds are pushing the atlantic ocean up and over many coast-lines. from rhode island, south to the jersey shore. coastal flooding is a significant risk thanks to the storm surge, potentially reaching 11 feet in new york harbor. battery park on the tip of manhattan is under a mandatory evacuation, as waves already have topped the sea wall. low lying areas are at substantial risk of flood waters, including the wall street area, especially if the worst of the surge hits during high tide tonight, at 9pm eastern time. that threat of flooding was one reason u.s. stock markets were clo
PBS
Oct 5, 2012 1:00am PDT
exchange credit fed chairman ben bernanke and his renewed push to keep u.s. interest rates ultra low for the run-up in gold. >> the fact that they're going t to flood with more, more money is a very good sign for gold, and that's kind of what's propelled us to here. >> reporter: as for where prices are headed next? if the u.s. economic environment remains relatively slow, traders predict new highs for the precious metal could come in the first half of next year. that's if gold is able to break through certain technical levels. >> i think if we can get above $1,816. we should see 19 and a quarter. if we can get above $1,925, then $2,000 is definitely in our sights. >> reporter: experts say one thing that could push gold prices above $2,000 an ounce this year is if president obama is re-elected. the thinking-- the president will keep bernanke employed, which means interest rates stay very, very low. suzanne pratt, nbr, new york. >> tom: stocks moved higher ahead of tomorrow's report on the september job market. the s&p 500 really gained momentum just after 10:00 a.m. eastern time after the
PBS
Oct 3, 2012 7:00pm EDT
reachable target because international sales should be strong and u.s. farmers will be rebounding from last summer's drought. >> in terms of impact of the drought grains stocks are low so corn and soybeans and the other seeds that they sell are going to need to be planted in great quantities so that should also deliver growth. >> reporter: werneth thinks even if the economies here and abroad worsen next year, monsanto should still reap solid profits because in good times and bad, people and animals still have to eat. diane eastabrook, "n.b.r.," chicago. >> susie: a new innovation coming soon to target. shoppers won't need to wait in the check out line to make a purchase: they will be able to scan and buy exclusive toys on shelves at the front of the store. the plan lets customers scan codes with their smartphones, and get the items shipped for free. the new strategy starts in about two weeks, just in time for the crucial holiday shopping season. target is counting on this strategy to boost holiday sales. >> tom: stocks edged higher after the encouraging report on new jobs and stronger
Search Results 0 to 49 of about 124 (some duplicates have been removed)